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Coinbase Files Predictive Market Lawsuit in Connecticut, Michigan, and Illinois

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Coinbase filed a lawsuit in Connecticut, Michigan, and Illinois over predictive markets, according to Chaincatcher. The exchange argues these markets fall under CFTC jurisdiction, not state gambling laws. General Counsel Paul Grewal said state restrictions harm innovation and violate federal law. The case could impact liquidity and crypto markets. Separately, the EU Markets in Crypto-Assets Regulation continues to shape global compliance standards.
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